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Hack history / 2022 / Hack or exploit

Impermax

Hack or exploit on Jul 16, 2022 · Private Key Compromised

SOURCES AGREE ON DATE AND LOSS · 2 SOURCES
Lost
$9M
dollars at the time
Returned
none listed
as the sources state it
Rank
#325
among thefts by dollars lost

What happened

On July 16, 2022, private keys to Impermax team wallets were stolen, allowing the attacker to drain approximately 9 million IMX tokens and most of the protocol-owned liquidity. The team responded by frontrunning the attacker's potential sell-off and executed a token swap recovery plan from IMX to IBEX.

Details

Date
Jul 16, 2022
Kind
Hack or exploit
Method
Private Key Compromised
How in
Keys, accounts and infrastructure
Target
DeFi protocol
Chains
Ethereum, Polygon

Reported by

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Cite this pageSwanBluechip, "Impermax hack, Jul 16, 2022: $9M lost", Crypto hack history, https://swan-hack-tracker.pages.dev/history/i/ht77e207b912/ (data as of 2026-10-31).
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